For some time we have believed that businesses with a narrower range of outcomes, or stable businesses, have been bid - up
as bond substitutes, while businesses with a more cyclical profile have fallen to more attractive valuation levels.
Now fixed immediate annuities are another thing, and I recommend them highly
as a bond substitute for those in retirement, particularly for seniors who are healthy.
The utility sector, which many investors have been using
as a bond substitute, yields only 3.4 %.
The Enhanced Yield approach serves
as a bond substitute, reducing portfolio volatility while delivering 9 % or so after commissions.
Not exact matches
Preferred shares can be an excellent
substitute for corporate
bonds in taxable portfolios,
as explained in my earlier publication Why Invest in Preferred Shares?
«Finally, in circumstances where a major central bank is continuing to expand its balance sheet or maintaining a large balance sheet over a sustained period, this policy would likely exert downward pressure on term premiums around the globe, especially in those foreign economies whose
bonds were perceived
as close
substitutes.
But today, their high dividend payouts make these stocks attractive
bond substitutes, and
as such, they sell at much higher P / Es than they have historically.
We know these human
bond substitutes as addictions... to substances like alcohol or drugs, social media, gambling, shopping, and any number of other compulsions.
Wheat gluten — a protein from wheat flour commonly used
as a meat
substitute — may be able to rebuild broken chemical
bonds in hair protein, according to a new study.
They prepared a complex with fluoride, tosyl -
substituted nitrogen (NHTs), and aryl
as well
as alkyl carbon ligands, and then measured a ratio of alkyl C - F, C - C, and alkyl C - N
bonded products of roughly 5:3:1.
They used a star - shaped molecule called AEEP (aminoethoxy ethanol
substituted phosphazene), the arms of which act
as dynamic and mobile hydrogen
bonding plasticiser molecules while being connected to a central core, effectively preventing migration and leeching of the starch molecules from the resulting plastic.
* Contains living bacteria and yeast *
Substituted for sugary sodas or multiple trips to the coffee pot * Acts
as a snack or pre-meal hunger control * Alkalizes like vinegar or lemon juice — balances internal pH * Compounds in the drink may
bond to and help excrete toxins from the liver — happy liver = happy mood * May speed metabolism * The acids present may improve digestion or alleviate constipation * Improved flexibility & fluidity of movement * Smooth energy from low levels of tea * Relieve headaches & migraines * Antioxidants & polyphenols from the tea are partially fermented and so more bioavailable * Kills h.pylori on contact * Certain acids present are considered candida - cides
If you're feeling frustrated about your options and worried about baby's nutrition and
bonding — read this article on breast milk
substitutes as healthy alternatives to formula that can be decent options when breast milk is just not an option.
Mixing 1tbsp of chia seeds to 3tbsp water forms a gel that can be used
as a
substitute for eggs in baking recipes where the egg acts
as a
bonding agent, such
as cakes and muffins.
Other investments are often touted
as a
substitute for high - quality
bonds, including dividend stocks, preferred shares, real estate investment trusts (REITs) and high - yield
bonds.
Substituted replace assets that are already existing in most portfolios, such
as stocks and
bonds, while diversifiers are investment strategies that have a low to zero correlation with traditional asset classes.
That was a headwind in 2015,
as investors continued to pile into these safe and
bond substitute stocks, but we are delighted to report that this has changed in 2016.
We would not be the first to point out that there has been a rush toward safer, defensive stocks that are less - cyclical stocks and a rush toward
bond substitute stocks like REITs, MLPs, etc.,
as investors search for yield in a declining interest rate environment.
Finally, while some pundits these days suggest
substituting dividend - paying stocks for
bonds as a way to boost income, I say that's a big mistake
as, dividends or no, stocks are much, much more volatile than
bonds.
However, there are ways to deal with that issue, such
as holding variable - rate
bonds and using senior loan exchanged - traded funds (ETFs)
as a
substitute for
bonds.
Inflation protected
bonds, such
as the TIPS issued by the US Government, are an attractive option
as a
substitute for normal
bonds.
The iShares Core U.S. Aggregate
Bond ETF (AGG) can be used
as a
substitute reference.
In fact, some investors might view Montaka
as a
substitute for fixed income
bonds, rather than
as an equity investment.
Because of this, investors are
substituting bonds for dividend paying stocks and other alternative investments
as a source of income.
We also look at paying our mortgage off
as a
substitute for a
bond allocation.
Monetary Policy Experiments
As investors
substitute real capital assets for currency and government
bonds, central banks find that manipulating interest rates becomes a less effective tool for managing the economic cycle.
You may be familiar with Lowell Miller's recommendation in The Single Best Investment to use utilities and / or other stable, high dividend stocks
as a
substitute for
bonds in a traditional portfolio.
If their preferred investment such
as mortgages and commercial loans are in short supply, they will use
substitutes such
as provincial
bonds.
Playtime with your pets is an important
bonding and socialization process for pack members
as there is no
substitute for companionship.
One of the things that people should know is that all of the research all of the research that has been done across the country about comparing children being raised in kinship care are being raised in
substitute care such
as foster care shows that the children do better when raised by family because they retain their family
bond.